Global Investors Meet assures greater economic prosperity in Karnataka

Bangalore, June 4 (ANI): The ambitious Global Investors Meet-2010, which has been hosted to lure entrepreneurs in Karnataka, received an overwhelming response here on Thursday.

On the very first day, around 400 MoUs were signed. Among the investors were corporate majors such as Arcelor Mittal, Shell, Lafarge, Tata Elexi, Birla Cement, Reliance and Wipro.

Around 5,000 investors, industrialists and entrepreneurs from India and abroad are participating in the mega meet. The theme of the event was 'Advantage Karnataka-One State, Many Opportunities'.

Liquor baron Vijaya Mallya who is the Chairman of UB Group, Azim Premji, Chief Executive Officer of Wipro and the steel magnate Lakshmi Mittal were among the prominent delegates.

Applauding the efforts of the state government, Mallya said that he was happy to see more investments and greater economic prosperity in what he termed as one of the best investment destinations in India.

"I think that Karnataka is one of the best investment destinations in India. This Global Investors Meet has been put together and organised extremely well. I was quite pleasantly surprised to see the attention to detail and the line-up of heavy duty industrialist from all over India and from overseas," he added.

Mohandas Pai, Director of Infosys mentioned that Infosys would be building another campus at Sarjapur, a suburb of Bangalore where the company would provide employment to around 18,000 to 20,000 professionals.

"We have signed an MoU so that a new campus can be built in Sarjapur and we will be investing 2,600 crore, which will provide employment to around 18,000 to 20,000 people in the region. Currently, around 25,000 people have got employment in our campus in Bangalore and we are exporting around 7,500 to 8,000 crore," he said.

Reportedly, this mega conference is expected to usher investments worth rupees five trillion to the state.

The meet is also expected to generate employment and capital not just in state capital, but also in the other regions of Karnataka. (ANI)